Nifty start an impulsive decline

NSE:NIFTY   Nifty 50 Index
The sell off we are seeing is wave A of an A-B-C decline from the recent high, and that is in wave iii and wave iv would be a 50-100 point bounce at the most. Wave v of A may go to the lower end of the falling channel near 14100.


So from whatever little I know , now there will be a retracement B up and then C further down ? Following which a new 5wave UPwards journey should begin ?